Many European chemical companies are projected to report strong earnings for the last quarter. Ahead of the earnings, the Euro Stoxx Chemicals Index has reach reached an all-time high as shown in the graphic below: Source: Stoxx Some of the reasons for this include the solid recovery in the industry since 2009, optimism on profits …
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In the most recent M&A deal in the chemical industry, Belgian chemical and plastics maker Solvay (SVYZY) agreed to buy French speciality chemical maker Rhodia(RHAYY) for 3.3 billion Euros. This represents premium of 50% to Rhodia’s closing price on April 1, 2011. This is an all-cash deal with Solvay offering 31.60 Euros for each Rhodia …
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The Complete List of Chemical ADR stocks traded in the organized US exchanges is listed below together with the 2009 returns: [TABLE=278]
One of the defensive sectors that investors tend to overlook during volatile market conditions is the chemical sector which has many high quality companies with stable long-term growth. In modern times chemicals are an active ingredient in most of the products we use. They are used for enhancing the texture in cereals, keeping the fragrance …